US EditionWalmart shifts to India from China for cheaper imports
8 Articles
8 Articles
Walmart is preferring import from India than China, data shows
Walmart is gradually preferring to import more goods from India to the US than from China, said Reuters citing data from Import Yeti. The move by the world's largest retailer appears to be aimed at cutting costs and diversifying supply chains. Between January and August this year, Walmart shipped a quarter of its imports to the US from India. In 2018, the figure was just 2 per cent.
Reducing reliance on China? Walmart increasingly importing more goods to the US from India
Walmart betting on India for imports to the US: The shifting trend highlights the impact of higher import costs from China and heightened political tensions between the US and China. Companies like Walmart are now exploring alternative sourcing countries like India.
Walmart Shifts To India From China For Cheaper Imports, Supply Chain Diversification
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world's largest retailer shipped one-quarter of its US imports from India between January and August this year, according to bill of lading figures shared with Reuters by data firm Import Yeti. That compared with just 2% in 2018. Only 60% of its shipments cam…
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